Freight Bill Audit
It’s easy to control the costs you can see, but what about those you can’t? Errors on your freight invoices are draining profits from your company.
Freight carrier billing systems are prone to errors. The best of the freight audit companies, ICC excels at finding those errors and turning them into refunds for our clients through our freight bill audit services.
Some common freight bill errors include:
- Duplicate Payments
- Duplicated Billing
- Improper Classification of Products Shipped
- Improper assessment of accessorial fees and/or surcharges
- Improper rate assessments compared to agreed-to pricing
No matter the carrier or transportation mode, we’ll take your transportation invoices, both paid and unpaid, and work our mistake-detecting magic.
What is a Freight Audit?
Very simply put, a freight audit verifies a carrier’s bills are in accordance with the pricing agreements the shipper and the carrier validated. The purpose is to ensure the shipper is paying the proper amount and has not been overbilled, inaccurately billed or double charged.
What Are the Benefits of a Freight Audit?
The benefits of a freight audit are numerous. It goes without saying that any person spending money on services wants to pay only for the services it has received. No one wants to be over-billed, billed inaccurately or double charged– however it happens quite often. An experienced auditor will work diligently to assess the shipper’s pricing agreements to be sure their invoices reflect these agreements.
Benefits include:
- Peace of mind you’re being invoiced correctly
- Obtaining refunds and credits when you are not billed correctly
- Comfort in knowing you are paying for the services you were promised
- Find the money you never knew was missing
Freight Bill Pre-Audit Services
Before you submit shipping invoices for payment, we’ll scrutinize them for:
- Rating errors
- Duplicate charges
- Incorrect product classifications
- Incorrect weights and accessorial fees
- Incorrect bill-to party
Our freight audits make sure you pay only for the services you actually received, and only the rates you agreed to pay.
Freight Bill Post-Audit Services
ICC can also save you money on freight bills you’ve already paid. Transportation invoices are too complex for most accounts payable staff to evaluate. The thousands of transportation companies each have their own base rates, incentives, discounts, accessorial fees and ancillary service charges. We check and audit freight invoices for conformity to contracts, identify billing errors and file claims to recover these overcharges.
Over 95% of the claims we file get paid. That money boosts your bottom line.
Freight Invoice Auditing & Payment Services
Since ICC is already performing pre-audit services on transportation invoices, many clients find it easier and more cost-effective for ICC to pay those invoices as well.
We always pay transportation invoices on time, preserving our clients’ pricing incentives. According to several industry studies, it costs companies in excess of $7.00 to process an invoice for payment internally. ICC’s fees will save your company over 85% in invoice processing costs, which also improves your bottom line.
Don’t leave money on the table. Contact ICC today and we’ll show you how we can boost your bottom line with our Freight Bill Auditing Services. Call us today at 516-822-1183 or contact us online.
Want to learn more about our Parcel Audit Services? Visit our Parcel Carrier Audits page here.